St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-02
The COMMERCIAL RECORD.
On the Chicago Beard of Trade There
Was Better Feeling at the
Start.
More Outside Orders We're Received,
But the Business Was
Only Fair.
Transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO Sept. 1.-The prospects are get
ting better for wheat. The last decided
feature, the california corner, has become
thing of the past. AdviceS are that the mill
ers have taken large blocks of the California
holdings. Cable advices are encouraging
and Liverpool quotes spot wheat Id higher
and futures firm. This was delivery day on
Change and the deliveries were large for
wheat and provisions and light for corn. 1t
was estimated that about 100000 bu of
wheat passed around to-day. Armour took
about all the ribs. Trading began at 1880
to-day with better feeling and more activity
than was witnessed during August. Prices
were generally higher. October wheat sold
at T05s07o october corn at Illa@41s4c;
May at 45A@45sSc. Oats sold at
30I2c for May delivery. Provisions were
firmer with October ribs al S9.07 and Octo-
Der lard at S6.47l2. Brokers who telegraphed
their New York correspondents for news of
the Baltimore Il Ohio railroad deal reported
10 have been made in London, were answered:
I'VE cannot confirm reports as parties in in
tereSt refuse 10 talk The sale of the Balti
more x Ohio railroad is doubted here" The
activity and firmneSs which marked the
opening of the market to-day We're pretty
well sustained until the close. October
vanced before noon to Tic, with considera-
bic excitement in the pit. After reaching
this point il again tirmed up TO Else shortly
before the close of the morning session.
May wheat sold above soc for the first time
in many days.
THE ROUTINE REPORT.
CHICAGO. Sept. 1.-Trading began to-day
with better feeling and more activity than
was witnessed during August. Gable ad-
vices were encouraging, and it was said that
the millers have taken large blocks of the
California holdings. large portion of the
business to-day was the buying on September
and selling November and December wheat
against the purchases ut the current differ
ences. There were more outside orders re-
ceived, but still the business was only fair.
Stocks of wheat here are considerably
smaller than at this time last year, ana the
visible supply, which is likely TO show an
other decrease in Mondays statement, will
be about 12,000.000 bu less than last
year. On the whole the situation, through
out the day was again active and
prices consequently showed some improve
ment. Export clearings from three ports
were again large, footing up 563,0O0 bu of
wheat. Deliveries of wheat on monthly set
Elements to-day were 10000 blu. October
wheat opened Ssc better at 705sc, sold at
once up to 70S4c, and after reacting to 705Sc,
moved up TO !1c. causing much animation
among the bulls. On the afternoon board,
the sessions of which were resumed to-day,
October closed mt 71iS071Ac. December
wheat sold from 7314c up to 74l2c, and closed
on the afternoon board at I4$SI74l2c. Corn
was governed entirely by local influences to-
day. The deliveries on September were re-
ported as being exceedingly light. and thus
created an active demand from shorts for
that future. which advanced &c from the
opening. October sympathiZed with Sep
TENDER and advanced l2c, while May
failed TO respond to some to some extent.
There was an active market from the open
ing to the closing. although there were few
10 sslarS Il hIrS
was not unusually large. October corn
opened at 41r2c and closed at 421sc, May
opened at 45l4c and closed at 45l2c. The
volume of business done in oats was much
more than usual, and on the start oats made
slight squirt in better prices in sympathy
with wheat and corn but became tame and
sold lower at the close. September sold from
24l8c to 24SSc and closed at 24A@24sSc,
October sold at 25A@2oSsc and clsoed at
23A023SSc, May sold at 30i2c and closed at
that price. The deliveries of provisions on
September contracts were fair..aboVt 10000
uerces OF lQrd and 100000 lbs short ribs.
There was less pressure to sell, but the de-
mand from short appeared sufficient to cause
an appreciation of 2l2c on lard and 2l2Gp7I2c
on short ribs, September and October show
ing the greatest gain. The prices were small
and closing sales were at outside figures.
Lard sold at S640 for September and Jan
uary, closing at $500; short ribs. SS@S Is
for September and SO for January; pork,
S1240@12.45 January. The shipping de-
for lard.
THE QUOTATIONS.
CHICAGO, Sept. 1.-Wheat-No. 2 Septem-
Der. 6SS4c, closing at 69Ssc; october, 7O5sc,
closing at 711sc: December, 7334e closing at
T4$Sc; May, soc, closing at S0I4c. Corn-No.
2September, 40S4c, closing at 431sc; De-
tober, 4ll2c, closing at 421sc: November
42c, closing at 4214c; May, 4514c, closing at
45l2c. Oats-No. September, 241sc clos
ing at 2414c; October, 254c, closing at
25Ac; November. 26c, closing at 26lSc; May
30l2c, closing at 30l2c. Mess Pork. per Dbl
Year, S11.S5, January, S12.4O, closing
at $3.50. Lard, per 100 lbs.-September,
500, closing at S6.47l2; October. Sc 47l2,
ing at $3.50: January, So 80, closing at Sc. SIS.
Short ribs, per 100 September, SS.O2I2,
closing at SS.l5; October, SS.UT12, closing
at $500: January, S6.4O, closing at Sc 40
Cash quotations were as follows: Flour ex-
hibited a better tone, and the demand was
somewhat improved; prices remain un-
changed. No. 2 spring wheat, 69c; No. 8
spring wheat 65l2c; No. 2 red, G512c; No .
corn, 41Ssc; No. oats, o414c: No. rye,
44l2c; No. barley nominal; No. / flax
seed, S1.02; prime timothy seed, So 81 ;
mess pork per Dbl, S15@ Is %; lard per 100
lbs, S6.25; short rib sides Qoose), SS.O7l2
short clear sides (boxeO, $S.4a@s. As !;
Sl.10. Receipts-Flour, 10000 bbls: wheat,
$4,000 hu; corn, $4,000 bu: oats 1S4. 600
bu; rye. 800 bu: barley, $4,000 bu. Ship
ments-Flour, %, 900 bbls; wheat "a, 600 bu :;
corn, 271, 900 bu: oats. Joy 600 bu; rye
1000 bu; barley, 81, 600 bu. On the produce
exchange to-day the butter market was weak
at lS022l2c for creamery and 15@20c for